Quadrature Capital Ltd Invests $402,000 in Encore Wire Co. (NASDAQ:WIRE)

Quadrature Capital Ltd acquired a new position in shares of Encore Wire Co. (NASDAQ:WIRE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,881 shares of the electronics maker’s stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV lifted its position in shares of Encore Wire by 0.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 5,330 shares of the electronics maker’s stock valued at $1,138,000 after buying an additional 41 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Encore Wire by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 4,104 shares of the electronics maker’s stock valued at $877,000 after buying an additional 51 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Encore Wire by 0.5% during the 4th quarter. Natixis Advisors L.P. now owns 10,213 shares of the electronics maker’s stock valued at $2,181,000 after buying an additional 53 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Encore Wire by 3.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,516 shares of the electronics maker’s stock valued at $324,000 after buying an additional 54 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Encore Wire by 4.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,465 shares of the electronics maker’s stock valued at $313,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

Encore Wire Stock Performance

Shares of WIRE stock opened at $289.58 on Tuesday. The stock’s fifty day moving average is $284.47 and its two-hundred day moving average is $248.37. The firm has a market capitalization of $4.58 billion, a P/E ratio of 15.36 and a beta of 1.23. Encore Wire Co. has a fifty-two week low of $150.51 and a fifty-two week high of $295.90.

Encore Wire (NASDAQ:WIRE) last posted its quarterly earnings results on Tuesday, April 23rd. The electronics maker reported $3.92 EPS for the quarter, topping the consensus estimate of $3.65 by $0.27. Encore Wire had a return on equity of 17.77% and a net margin of 12.45%. The business had revenue of $632.66 million for the quarter, compared to analyst estimates of $579.64 million. During the same quarter in the previous year, the firm earned $6.50 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Encore Wire Co. will post 21.24 earnings per share for the current year.

Encore Wire Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, July 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.03%. Encore Wire’s dividend payout ratio is presently 0.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WIRE shares. StockNews.com started coverage on Encore Wire in a research report on Thursday, June 20th. They set a “hold” rating on the stock. CJS Securities restated a “market perform” rating on shares of Encore Wire in a report on Friday, April 19th. Sidoti restated a “neutral” rating and issued a $290.00 price objective on shares of Encore Wire in a report on Tuesday, April 16th. Finally, DA Davidson lowered Encore Wire from a “buy” rating to a “neutral” rating and set a $295.00 price objective on the stock. in a report on Tuesday, April 16th.

Encore Wire Profile

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.